Petro Rabigh said supplies of power and steam had been interrupted from its provider, which forced the firm to stop its operations. The firm utilizes 400,000 bpd of crude oil and 1.2 million tpy of ethane as primary feedstock to produce several refined petroleum products and petrochemical products.

Keywords:

By SUMMER SAID

CAIRO -- Saudi's Rabigh Refining and Petrochemical Co., or Petro Rabigh,
said Tuesday it will halt operations at its refinery for 20 days to carry out
necessary maintenance after it suffered a
power cut.

The maintenance, which will ensure the
reliability of the facilities, won't have a significant
impact on Petro Rabigh's earnings due to lower petrochemical prices and the profit
margins from petroleum products, it said in a statement posted
on the Saudi bourse website.

Petro Rabigh said Saturday that supplies of power and steam
had been interrupted from provider Rabigh Arabian Water and
Electricity Co., which forced the firm to stop its
operations.

The firm utilizes 400,000 bpd of crude oil and 1.2 million
tpy of ethane as primary feedstock to produce several refined
petroleum products and petrochemical products.

The refinery has mainly been producing 8
million tons of heavy oil, 5.3 million tons of light oil, 3
million tons of naphtha and 2.6 million tons of kerosene a
year.

State-owned Saudi Arabian Oil Co., or Saudi Aramco, and
Japan's Sumitomo Chemical Co. each hold a 37.5% stake in Petro
Rabigh, with the remaining 25% owned by the public, according
to Zawya.com.

Dow Jones Newswires

Have your say

All comments are subject to editorial review.
All fields are compulsory.